Apple's most recent trend suggests a bearish bias. One trading opportunity on Apple is a Bear Call Spread using a strike $107.86 short call and a strike $112.86 long call offers a potential 44.93% return on risk over the next 10 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $107.86 by expiration. The full premium credit of $1.55 would be kept by the premium seller. The risk of $3.45 would be incurred if the stock rose above the $112.86 long call strike price.
The 5-day moving average is moving down which suggests that the short-term momentum for Apple is bearish and the probability of a decline in share price is higher if the stock starts trending.
The 20-day moving average is moving down which suggests that the medium-term momentum for Apple is bearish.
The RSI indicator is at 52.51 level which suggests that the stock is neither overbought nor oversold at this time.
To learn how to execute such a strategy while accounting for risk and reward in the context of smart portfolio management, and see how to trade live with a successful professional trader, view more here
LATEST NEWS for Apple
Facebook, China and dividend payers boost global tech
Thu, 08 Jan 2015 06:55:25 GMT
Digits | Highlights From the Blog
Thu, 08 Jan 2015 05:27:49 GMT
The Wall Street Journal – Apple Inc.’s new larger-screen iPhones are helping the company claw back market share from smartphones running on Google Inc.’s Android operating system, according to a new report.
Monster CEO: Beats Electronics ‘duped' him
Thu, 08 Jan 2015 04:54:31 GMT
Apple Is About To Let Retail Employees Try Out iOS Super Early
Thu, 08 Jan 2015 04:34:29 GMT
Apple's Watch faces attack of the clones
Thu, 08 Jan 2015 04:07:31 GMT
Financial Times – Apple's new smart watch is still months away from going on sale but it already faces an attack of the clones. Near-identical copies of the $350 Apple Watch were on display at several Chinese manufacturers' …
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